Author: John Mungabe
Emerging markets face increased risk of financial exclusion
Recent years have seen large scale de-risking and financial exclusion happening in developing countries, particularly those countries that most need c [...]
Importance of controls highlighted by South African data breach
A major data security breach in South Africa has highlighted the risks to businesses, including insurers, of not having adequate checks and controls, [...]
Diong takes over at ARC
Ibrahima Cheikh Diong has taken over leadership of the African Risk Capacity (ARC) Group, following his unanimous election by the ARC Conference of Pa [...]
Political risk insurers warned that risks are on the rise
Political risk insurers may face increasing challenges in the months ahead as claims rise at a time when incomes are down, increasing the sustainabili [...]
Insurance market proving resilient
Global average commercial insurance prices increased 19% in the second quarter of 2020, according to the Global Insurance Market Index released by Mar [...]
Africa escapes major cat in first half-year
Global economic losses from natural catastrophes and man-made disasters in the first half of 2020 were $75bn, according to Swiss Re Institute's prelim [...]
Challenging times for South Africa’s BI insurers
South African insurers with business interruption (BI) policies are having a tough time, as the first case goes against the insurer and as the regulat [...]
Ratings agencies explain credit warnings on Africa
S&P Global Ratings and Fitch ratings have both warned of downgrades and negatives watches across Africa as the Covid-19 pandemic takes its toll. I [...]
Award-winning Covid-19 equipment to be piloted in South Africa
A competition run by Munich Re will result in four projects being transformed into reality to help governments across Africa in the fight against Covi [...]
More South African insurers to make BI payments
Old Mutual Insure (OMI) has become the latest South African insurer to announced payments on business interruption (BI) policies related to the Covid- [...]